Kenya's negotiations for a new financing programme with the International Monetary Fund (IMF) have been put on hold pending the government's feedback on the lender's governance and corruption assessment.

🇰🇪 Breaking It Down

According to Reuters , the IMF confirmed that it had shared a draft of its governance diagnostic assessment with the Kenyan government and is awaiting official comments before the report can be finalised.

"The IMF shared the draft Governance Diagnostic Assessment with the Kenyan authorities and is awaiting their comments," the lender told the publication on Thursday, June 25.

The assessment sought to identify governance weaknesses and corruption vulnerabilities that have negatively affected the country's economy and recommend necessary reforms.

📌 What You Need to Know

However, the Bretton Woods Institution noted that the report  will be published only with the consent of President William Ruto's administration.

This means that negotiations for Kenya's next IMF programme remain incomplete months after the country exited its previous multi-billion-shilling funding arrangement.

The lender also said it is discussing the timing for ​the next ​annual ⁠visit, also known as the Article IV ​consultation on the ​state ⁠of the Kenyan economy's health.

Kenya had begun discussions with the lender for a new programme following the premature end of its previous IMF facility, whose final review was abandoned early in 2025.

Treasury Cabinet Secretary John Mbadi and Central Bank of Kenya Governor Kamau Thugge have previously confirmed that Kenya is negotiating a new programme to grant Kenya a new loan facility.

The governance and corruption assessment, which is now at the centre of the ongoing negotiations, began last year after Kenya formally requested IMF technical assistance.

📰 Source: Kenyans.co.ke